Retirement tax questions


@Jkessler93 wrote:

Thanks again for the response. I think you may be slightly misunderstanding my question. I'm not asking whether or not to include the amount after earnings or losses. I'm asking if "The Amount Recharacterized" and "The Amount Transferred (Recharacterization plus earnings or losses)" should only include the $6000 that I recharacterized from my 2020 contributions, or if it should include the other $900 that I also recharacterized in 2020 from previous years of contributions. Or, does that $900 only come into play in the amendment of my 2019 returns.


You can only recharacterize the exact amount of 2020 contributions (not including any gains or losses) - not any prior contributors.  

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**